From N.Y. Times editorial titled “Profiting from a Pandemic?“. Headline copy: “At least two senators engaged in suspiciously timed stock sales. All stock trades by members of Congress should be barred.”
“Crisis often brings out the best in a people. As the coronavirus spreads its devastation, countless Americans are stepping up to perform acts of heroism and compassion, both great and small, to aid their neighbors and their nation.
“Then there are certain not-so-inspiring members of the United States Senate.
“Richard Burr, Republican of North Carolina, and Kelly Loeffler, Republican of Georgia, are in the hot seat this week, facing questions about whether they misused their positions to shield their personal finances from the economic fallout of the pandemic, even as they misled the public about the severity of the crisis. According to analyses of their disclosure reports filed with the Senate, the lawmakers each unloaded major stock holdings during the same period they were receiving closed-door briefings about the looming pandemic.
“These briefings were occurring when much of the public still had a poor grasp of the virus, in part because President Trump and many Republican officials were still publicly playing down the threat. Instead of raising their voices to prepare Americans for what was to come, Mr. Burr and Ms. Loeffler prioritized their stock portfolios, in a rank betrayal of the public trust — and possibly in violation of the law.”